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. ♪ >> chris: the president is demanding higher tax rates. congressional republicans want deeper spending would you tell us and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we'll ask the two men at the center of the negotiations, where we really stand. for the president, treasury secretary timothy geithner, for the g.o.p., house speaker john boehner. geithner and boehner, only, on fox news sunday. >>> plus we have seen this movie before. the two parties edging closer and closer to the brink. we'll ask our sunday panel whether we'll get a happy ending for an economic disaster. >>> and our power player of the week, a young beauty queen has to make a tough choice, all, right now on fox news sunday. ♪ >> chris: and, hello again from fox news in washington. well, we had quite a day around here, friday. with talks to avoid the fiscal cliff deadlock and everyone saying, the other side is to blame, treasury secretary geithner scheduled a round of interviews, then, friday afternoon, speaker boehner's office called to say he want
week. avoiding the fiscal cliff is coming down to taxes. president obama told bloomberg tv yesterday he is willing to be flexible, but there will be no deal unless republicans agree to raise income tax rates on the top 2% of wage earners in america. this week the gop offered a proposal that continues tax breaks for everyone while making cuts to medicare and social security. the president and democrats say the lack of a tax hike on the wealthy is leaving budget talks at an impasse. "60% of americans support asking millionaires to pay slightly more. many republicans feel the same way. the only ones who feel differently are the ones who work in this building. we can't let these negotiations be dictated by the tea party." "we've wasted an enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. traders are keying off market moves for clues about the economy. scott bauer of trading advantage joins us now. scott, what is the gold market telling traders about the prosepects of the economy going over the fiscal cliff
? >> reporter: tax watchdogs say it was never meant for desktops when it began years ago to compensate fire agencies. when we return, how keeping something too close to your heart can kill you? look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. reliability and ways to connect. (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. . >>> breast
, the temporary seven- year parcel tax would have provided enough funds to keep the four dations -- the four stations open. >>> the oakland raiders are expressing their condolences to dennis allen who lost his father last night. grady allen passed away due to cardiac arrest. according to a statement from the raid, dennis allen traveled to the dales fort worth area to be by his father's said white after -- right after the game on saturday. he does plan to play in the game on thursday against denver. >>> we're still on stormwatch as more wet weather moves into the area. in the meantime, the cleanup continues from the weekend storm. a free that well on reed avenue is scheduled for removal today. as you can see it was still laying on sop of -- on top of several vehicles this morning. no one was hurt. caltran crews are cleaning up a small mudslide that shut down the connector. the ramp is closed is the one from eastbound interstate 80 to highway 29. crews say the connector will be closed until about 3:00 this afternoon and that detour signs are posted. >>> good afternoon to you. our dry weather i
cliff. we have fewer tax increases than the president wants, allison? >> reporter: pam, house republicans say this is their attempt to counterwhat they call the la la land offer from president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are also proposing 200 billion in savings for changes by potentially lowering the costs in increasing eligibility standards. that could be a major sticking point for congressional democrats but the president needs more details but he does not like what republicans are offering. look at how house democratic national convention democrats may try to force tax rates from wealthier americans, reporting live allison burns, ktvu channel 2 morning news. >>> they are trying to make homes livable, under the program the city of new york will send contractors at no charge to homeowners. 400 project have been completed -- projects have been complete
spending cuts but no tax rate increases. here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an
to avoid another recession. at the end of the year, tax breaks expire and drastic spending cuts are due to take effect. bracing for those higher tax rates possibly coming next year, some corporations are handing out 2012 dividend payments that are looking more like christmas presents. walmart and dillard's are among several companies paying dividends in december instead of in early 2013. currently taxed at 15%, that rate, under automatic fiscal cliff increases, could more than double. many investors believe that no matter how the fiscal cliff situation is resolved, dividend tax rates will likely increase in 2013. jamie dimon is getting public praise from billionaire warren buffett. this week on charlie rose, mr. buffett said he thinks mr. dimon could be the "best person for the job" after treasury secretary timothy geithner steps down. mr. buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forced to take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a
new 2/3 majority. democrats can raise taxes and more without republican votes. >> this historic supermajority. we intend to use it purposely, with purpose, with humility, and with great strength. >> reporter: democrats have not outlined an agenda, but senator mark leno is asking for a big change to proposition 13 to make it easier for voters to raise their own property taxes. >> it allows voters in their areas to be able to reinvest in a very underfunded educational system. >> reporter: governor brown has indicated he will be a check on democrats when it comes to raising taxes, and the supermajority could be short lived with several members leaving their seats in april. there could be a rush to get things done, once lawmakers return in january. ktvu, channel 2 news. >>> a teenager who was denied eagle scout status and kicked out because was gay attended a service as a special guest to honor him for integrity. >>> we had a calm and clear day today. get those umbrellas back out. i'll show you how soon our next round of rain will arrive. >> neighbors call it a crumbling i-4. >> tak
the fiscal cliff. nothing much seems to have changed. democrats want to raise taxes and republicans still want spending cuts. >> the president will not sign legislation that extends the tax cuts. >> time for the president, democrats, to tell the american people what spending cuts they are willing to make. >> each side accuses the other of not providing expects. >>> vice president joe biden went to costo. he bought a television and other items. he said he was there to demonstrate why it is important to raise taxes on the wealthy. >>> with the election behind them, president obama and mitt romney had lunch together tonight at the white house. cameras got a glimpse at mitt romney. the lunch was private. it lasted over an hour and the white house said the president did not have an agenda here. the president prompted to meet with mitt romney to discuss how they could work together. and the menu, the white house said white turkey chilly and southwestern grilled chicken salad. >>> fewer americans filed unemployment claims last week. 393,000 people filed for jobless claims. it was the second stra
family will see their income taxes automatic go up at the beginning of next year. a normal middle class family of four will see them rise by $2,200. >> he urged congress to pass a law that would prevent the tax hike. >>> house speaker said fiscal talks are going nowhere. >> i'm willing to move forward in good faith. our framework still stands. instead of raising tax rates we can produce similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. >> the speaker said the two sides are at a stalemate. if nothing is done hundreds of billions of dollars of tax increases and spending cuts will happen january 1st. >> the oakland mayor has appointed her deputy mayor. he will start his new position on monday. he was co chair of her campaign. before getting elected to the assembly in 2006. >> berkeley police are asking for the public's help as they search for a man accused of touching a student. the student was walking between two campus buildings around 7:30 and when a man grabbed her. he is a latino, 5'5'' with dark shoulder length wavy hair. >>> a man was ple
prop 30, which raises taxes on people who earn more than $250,000 a year. it also increases the sales tax. well, the ucla and der son forecast says because of prop 30 -- anderson forecast says because of prop 30, unemployment will not improve as fast and personal income will be less than expected. but economists say california is still on track for economic growth and more jobs. >>> well, sheriffs in solano county want your help. they are trying to catch vandals who damaged a home known for its holiday displays. every year, bob and linda taylor transform their home in vallejo on glencove road into a christmas wonderland. but this year, someone ripped down some of their lights and dragged them in the streets and they were run over. the taylors say the lights can be fixed an santa claus will still come. >>> another example of a grinch on the loose. what happened at a local christmas tree lot run by boy scouts. >>> i'm gonna go ahead and announcement my retirement. >> katt williams calls it quits. the latest incident that prompted that announcement. ?f< did you get chips for the party? n
-class americans and with corporate ceos. he is pushing his ideas for a corporate cliff to renew middle- class tax cuts before they expire at the end of the year. coming up, how the white house is also using social media to rally public support for its position. >>> well 400,000 are watching it happen in washington and that's because of emergency federal unemployment benefits due to expire december 29th unless congress is due to expire. they are noticing the possible loss of benefits which are going into the mail this week. >>> 6:09 is the traffic and certainly could be an issue as we get some rain, let's check in with tara who is in for sal. >> people need to take it slow with the rain coming in. we have a map showing an accident on grant line road and this is sort of a slow stretch anyway so of course it is not helping the situation. up next we are looking at the bay bridge toll plaza and the metering lights are on so give yourself some extra time and that bong is extending back to the maze on the east shore freeway. you can see in the pittsburgh area, those headlights are westbound as you drive
warning letters to more than 900 ambulance patients saying a tax fraud ring may have had access to some of their personal information. a former employee that handles berkeley's billing accessed client informs reportedly to give it to a tax fraud ring. the information may include names, social security numbers and birth dates. 13 people have been arrested so far for their involvement in that ring. >>> 7:07. the good news, muni is back in service. >> that's right. full service. up right now, the hyde cable car was down. it was cleared just before 7:00. everyone back to normal in san francisco with your mass transit. >>> we're gonna take a look outside. we have backup extending all the way to the maze. also starting to see some backup on the east shore freeway. 280 at the 880 split, you can see slow going on 280 as you are headed northbound on santa clara. give yourself extra time there as well. back up to san francisco, let's take a look at the golden gate bridge. shot such a pretty shot -- such a pretty shot. 7:08. let's check in with steve. >>> tara, good morning. a few breaks in the cl
the fiscal cliff and if presented they will -- prevented they will talk about the need for taxes going up. in the afternoon, president barack obama will meet with ceos with more than a dozen major u.s. companies including home depot and comcast. >>> for only the 7th time in history, the president's swearing in date falls on a sunday and following tradition, president barack obama will privately take the oath of office on sunday january 20th and then the public inoculation will be -- inauguration will be sunday. >>> he frequently visits the plaza and unusual charges started showing up on her husband's credit card several months ago. >> there was $700 at washington state. 2600 at mcdonald in nevada and $1.50 at embassy sweet and some -- suite and someplace i never heard of. >> the pub owner said he is spending $10,000 to upgrade his computer system and most of the banks had charges that were not theirs as well. >>> and a shooter targeted a house filled with people including children. we will have more from gilroy. >>> she was sexually abused in the $1,990. a science teacher she said abused
to take action to stop taxes from going up on middle class consumers. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timothy geithner. the white house proposal consists of $1.6 trillion over a decade. the administration wants $50 billion for infrastructure spending in 2015. the president is offering to support an unspecified amount of spending cuts this year. >>> the $1 bill may be on its way out. congressional auditors want to do away with the dollar bill and replace them with $1 coins. they say the switch could save taxpayers more than $40 billion over the next 30 years. they are also looking at changing the metal composition of is quarters, dimes, and nickels. >>> oakland is moving forward to put more officers on the streets. two city council members are pushing to hire 20 civilians to work as technicians. they also want to bring in 11 alameda service members. >> we are asking opd officers to volunteer on overtime to provide extra patrols during the times we believe violence has been taking place. >>
to force higher rates on virtually all americans because they are not allowing tax rates to go up rob 2% of americans that is something we will have to face. >>> attorneys for oscar grant's family -- grant was shot and killed by police officer johannes mehserle on new years day back in 2009 in two oakland civil rights attorneys will argue before the ninth circuit court of appeals in san francisco that bart police officers should not receive legal immunity. last year a federal judge ruled to let the suit go forward but the officers appealed that ruling to the ninth circuit court. >>> this is day seven of a strike by clerical workers. contract talks between the workers and shippers at the ports of los angeles and long beach have resumed. the walk out by the clerk has dramatically slowed activity at the ports. dock workers are refusing to cross the picket lines. >>> oak 4:36 now. much quieter than what it was last week. let's go to tara with a first look at our traffic. >> hopefully it stays that way. we have nothing major to report. we do have flooding down in san jose area. the chp hasn'
for the fiscal cliff deal that include as tax increase for the rich. he met with business leaders in washington d.c. and he is aware that some republicans may be willing to raise tax revenues. but he warped the gop not to pick another fight on the debt sealing. he was can dade -- death ceiling and he was can -- he was candid. >> this is the top 2%. includes all of you, yes. >> i believe there is a purpose to put revenues on the table. >> house speaker boehner countered the president's proposal without raising individual tax rates. the republican plan also includes 600 billion in spending cuts to federal healthcare programs and increase in the eligibility age for medicare. >>> a san francisco blogger and activist is in hot water of a photograph after political opponent. michael petrellis took this of scott weaner last year in a pact room. >> he tried to take a picture of him at an urinal. and today, he pleaded not guilty to misconduct. he wants it to be made as part of the from. >> we will be fighting the case and despite the fact that the photograph was taken, we are talking fundamentally of a ge
of automatic spending cuts and tax hikes will take in effect in january. the president want to raise income taxes on those who make more than $250,000 a year. republicans don't want to do it and reduce spending cuts. >>> president urges americans to use social media, especially twitter. they introduced the hash tag, my 2k, including my $2 k. how much more each middle class family would pay without congressional action. >> my 2k and e-mail, post office, member of the congress, do what it takes to communicate a sense of urgency. >> republicans are embracing the my 2k hash tag. they are using it to make points against the president's plan. >>> the police standoff is enteringit fifth hour after an animal control officer was shot and killed, helping to evict a man from the northern california home this afternoon. it's happening in the city, 20 miles south of sacramento. reporter mel linda mesa, where officers still haven't made contact with the suspected gunman, melinda. >> still inside and all the residents along the home, new hope drive has been evacuated because they believe the gunman barric
the year end fiscal cliff. he will make the case that congress needs to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by treasury secretary timny geithner. the white house proposal contists of $1.6 trillion in higher taxes over ten years. the administration wants $50 billion for infrastructure spending in 2015. in return the president is offering to support an unspecified amount of spending cuts this year and legislation for saving up to $400 billion from programs such as medicare over a decade. >>> 5:47. the great hostess bakery selloff can begin. the judge approved to sell all of the hostessing a sets including baking plants, recipes, and trademarks. it also included $2 million in bonuses if they meet certain standards in the way they handle the liquidation. >>> voters in richmond may have rejected a tax on soda but the battle isn't other bay area cities that are considering similar measures. >>> mountain view police will release
today about taxes. he said the obama administration will refuse any deal that keeps tax cuts in place for wealthy americans. republicans are meeting that idea with stiff resistance. >> reporter: with the clock ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other
their republicans plan does not increase tax rates which the white house insists must be included in any deal. >>> they are trying to make california public schools green. they will update the efficiency of public schools in california. it's being introduced by an assembly woman. the recent funding would come from proposition 39 and it comes from a fund. >>> police say 44-year-old john roady robbed the class sunday night. he took computers and other electronics. police recovered some of those during his arrest. he was on probation for burglary and now he faces new charges. >>> we have a car versus a dear at the paradise east bound. it is backed up and running, here is a look at the east shore freeway and mcarthur maze no dislace, traffic is flowing -- no delays, traffic is flowing well in both directions. >>> light rain is trying to develop up in lake men seen know, rain is slowly returning north. again, this is a much weaker system. there is a lot of moisture out there, also into the cruz mountains as -- into the santa cruz mountains as well. ukiah, at last check it was rain and drizzle and
leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter campaign - #my2k - to encourage americans to weigh in on the debate. but ultimately, this still comes down to negotiations within, but mostly across, party lines. it's not clear how much twitter or input from small business will sway the balance one way or another. "my view is that i'm happy to be a part of that. i'm grateful for the opportunity and it's not every day that you get to spend an hour in a room with the president." ceos from wall street met with the president wednesday. morgan stanley ceo james gorman is asking his 16,000 employees to reach their members of congress. and at&t's ceo, randall stephenson, is involved with a group called "fix the debt," which is lobbying congress as well. overhaul action is happening overseas. the european commission is proposing a plan that will completely change the eurozone by c
will see their income taxes automatically go up. a typical middle-class family of four will see taxes rise by $2200. >> the president taped his address yesterday during a visit to a toy factory in hatfield, pennsylvania. he said allowing taxes to rise for the middle-class would amount to a lump of coal for americans at christmas time. >>> mexican president-elect enrique pena nieto took office today talking about the challenges that face his nation. >> we are a nation that is going at two different speeds one that is progress and development, but there is another mexico, that lives in the abandonment and poverty. >> president nieto says the inauguration marked the return of the institutional revolutionary party after 12 years out of presidential mansion. at least four demonstrators and four police officers were injured. 65 people were arrested. those opposed to mr. nieto says he used handout and giveaways to sway voters. . >>> authorities say a linebacker for the kansas city chiefs killed his girlfriend and turned the gun on himself in front of his coach and manager. police arrived at pr
with 800 billion from tax reform and the rest in cuts to government problems. last week president obama offered a plan that relied on tax increases that would total $1.6 trillion. the republican plan does not include something the president said is essential, income tax hikes on those making more than $250,000. >>> stocks edged lower on fears the threat from the fiscal cliff might put a damper on the economy. the dow is down 59 to 12,965. the nasdaq is down 8 at 3,002. the s&p is down 6 at 1,409. coming up at 5:45 p.m., car sales reach a level they haven't seen in years. plus the potential impact the fiscal cliff could have. >>> mitt romney is back at his old job. he is rejoining the board at mareiate international -- marriott international. they have a long standing friend ship. >>> coming up, we have shown you this sink hole developing, what they are doing get things back to order in this neighborhood. >> a nice break today. the rainfall ending, giving us a break but there are more showers headed our way. i will have the timing on the showers in 10 minutes. how do you do that? well, i
to save $10 mall year. officials warn that if a park tax measure failed last month this would happen and the measure did fail. >> we're at a place now where we don't have an awful lot of options available to us. >> fire officials say they made decisions based on call volume at each station and proximity to other stations. firefighters say closing the stations will increase response times. >> we'll have to reconsider our tactics, maybe not go in because when you go into in to do an interior fire attack, you need to have necessary backup on the outside. >> supervisors asked the fire chief to come back with more information on specific stations and possible alternatives. >> it's most likely that there will be some closure, whether that means full or partial closure, i think it's too early to tell. >> the board is expected to vote next tuesday of the. at least two additional fire stations could be closed in the next two years joomple election workers began tedious recount of ballots today in alameda county of of narrowly defeated transit tax. measure b1 would have increased the county tr
higher taxes. alison. >> reporter: the president is refusing to agree to anything else unless taxes are raised on the wealthiest 2% of americans. in fact, there are some reports this morning that the president isn't even going to hold any other face to face or one on one meetings with republicans until they cave on that demand. john boehner was at the lighting of the if christmas tree last night. republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if he's willing to compromise with president obama, people within his own party are not are already saying they won't be willing to go along. i'll have more on that during my next update. reporting live from washington, d
but will it work in other cities? the other bay area cities may now want to tax soda. >>> police officer helping a homeless man in need. the act of kindness becoming a hit online. >>> here's a live look at the golden gate bridge. traffic not too bad but out in livermore a completely different story. >>> welcome back to the ktvu channel 2 morning news. live look at the big board. dow jones up a little bit. 16 points. still hanging on to that 13,000 level. still have stocks to watch. >>> time now 6:54. mountain view police may tell us more today about the alleged sexual assault of a 13-year-old girl. it happened near castro park wednesday night. according to police the girl knew the suspects and was drinking alcohol with them when that assault happened. a 23-year-old man and two 17- year-old boys have been arrested. that girl is at home recovering with her family. >>> new york city police officer is getting praise from recall over the world for the kindness he showed to a homeless man. he says he saw the man barefoot in time square asking for spare change. now the officer says his feet were freezi
a proposed tax on search engines. the measure in germany would require search engines there to pay every time they link to copy writed context. google is asking users in germany to sign an online petition against that proposed tax. >>> pg & e is teaming up with researchers at uc davis to test new technology to spot leaks in gas transmission lines. researchers are using sensors mounted on small airplanes to test leaks. scientists say the goal is to find a less expensive more reliable way to pinpoint problems. >>> a multimillion dollars art project is taking shape on the bay bridge tonight. only on 2, ktvu's consumer editor tom vacar live on treasure island with the up close look that he got at the high tech art show destined for the new western span, tom. >> reporter: indeed, you know the vertical cables on this side of the bridge are exactly this wide and tonight crews are up there about the business of trying to put lights on every one of them. >> reporter: here's your exclusive look at legend theatrical. a company that lights theaters and buildings nationwide. it's the ultra high tech elec
, mr. obama warned that if the bush tax cuts are allowed to expire january 1, every taxpayer would pay more next year. the president said that would cost a typical middle class family of four an extra $2200. >> that means less money for buying groceries, less money for filling prescriptions, less money for buying diapers. >> this morning republican house speaker john boehner said his colleagues are willing to discuss new tax revenues but only if democrats agree to new spending cuts. >>> a bay area national guard crew just headed out on a rescue mission. >> steve paulson is back with more on when today's rain will end. he says there are bigger storms ahead. >> it was really close to their backs. if that was higher, i think it would -- >> you will hear more from a terrified south bay resident after bullets were fired into her room with small children inside. on your prepaid card? introducing chase liquid. the reloadable card with no fee reloads and withdrawals at chase atms. all for one flat monthly fee so there's zero confusion. get rid of prepaid problems. get chase liquid. [ male anno
to spend it. >> what we're not going to do is extend the tax cuts to the wealthiest americans. there is no possibility that we're going to find a way to get our fiscal house in order without the tax rates going back up. >> if congress doesn't act by the end of this year, tax rates will go up for almost everybody and across the board spending cuts will take effect. that could plunge the u.s. economy into another recession. >>> people on both sides of the controversial same sex marriage issue will be closely watching the u.s. supreme court this morning. just an hour and a half from right now the high court is due to release another list of cases. coming up at 5:15 what it will mean if california's proposition 8 is on that list and what it means if it's not. >>> muni and other agencies are thinking about a controversial plan when it comes to their fair rates. muni is considering basing how much people pay on how much money they earn. according to the examiner some people don't think it's fair that people who are struggling to pay their bills have to pay $64 for a monthly pass whi
: republicans say they will serve as watch dogs. democrats can raise taxes and more without republican votes. >> this historic super majority and we intend to use it purposely, with purpose, with humility. and with great strength. >> reporter: democrats haven't outlined an agenda but he is proposing a bold change to the proposition 13, to make it easier for voters to raise their own property taxes. >> it allows voters to be able to reinvest in a very under funded educational system. >> more details now. 7 of the 38 represent the bay area. all but one are democrats. jerry hill is leaving his seat to become a state senator. he will over see district 13. >>> the founder of mcafee said he left belize. a reporter spoke to john mcafee and asked him if the accusations are true, that he killed his neighborhood. >> reporter: did you kill him -- killed his neighbor? >> reporter: did you kill him? >> why did would i kill him? >> reporter: do you believe this is a vendetta to take you down and kill you? >> absolutely, sir. >> police say he is not a suspect, they just want to talk to him to get answers i
the clock on next year's expected tax increase. oracle's board has approved accelerated dividend payments for the second, third and 4th quarters of next year. nhl owners and players plan to meet today in a renewed effort to move the puck on labor talks. let's see what's going on with the market today with matt shapiro, president of mws capital. good morning to you. > > good morning angie. > this is certainly one moody market. it seems to move on every word that comes out of washington. > > absolutely. actually, i am surprised, given the stalemate that we had this weekend and the gop yesterday having a counter offer - they are miles apart, but the market really held in there, and i think, at this point, the market is just basically pricing in that nothing really good is going to happen in washington, at least for now. > what about manufacturing matt? the numbers came in solid for china, not so good for the u.s. there was a bit of a slip. > > i think some of that is the concern. but at least the silver lining is positive for china. but realize, china is $8 trillion. our market is about twic
american tribal leaders. both groom groups say they are concerned about automatic tax increases and spending cuts that will kick in come january 1st if congress doesn't act. both republicans and democrats say -- with the wars in iraq and afghanistan ending, there is support for cutting back on military spending. but many lawmakers want to avoid the automatic across the board cuts and defense budget that will kick in january 1st if congress doesn't act. they would prefer to make strategic cuts. >>> nudist are planning a city against san francisco. against-- planning a protest against city hall. they had to cover half a dozen nudist. the board voted 6-5 for final approval of a ban on public nudity. >> there is no evidence anywhere in science or any kind of research any legitimate research that nudity harms anybody. >> it's a very narrow piece of legislation having to do with our limited public spaces and public transportation. >> mayor ed lee is expected to sign the ordnance that will take effect in february. the legislation does exempt nudity at private beaches and special events
. they are pushing congress to renew tax cuts before they expire by the end of this year. what they are saying about the president's campaign style approach to deal with this looming crisis. >>> and 400,000 californians are carefully watching this fiscal drama and that's because emergency benefits are due to expire unless congress agrees to an extension. here they are noticing possible loss of benefits are being mailed out this week. >>> let's check in with tara in for sal castaneda, it could be a sticky commute with the rain. >>> yes, we want to make sure you give yourself enough time today and right now if we take a look outside, this is a look at the east shore freeway as you drive towards the mcarthur maze, and as we look at the bay bridge toll plaza folks are headed to san francisco and they are not experiencing any delays. finally a look at 280 in san jose, traffic is looking good in both directions, here is steve. >>> well, we have a little bit of a lull before the system comes in and if you leave now you might beat the bulk of it. everything is offshore poised to move in and today it is wide
by headlines regarding the fiscal cliff. > what is your reaction to a lawmaker who wants to put an extra tax on high-speed trading? what do you think about that? > > i think it is short- sightedness. i don't mean that as any real criticism, but when you look at it, they really want to arrest the problem. it should really be on cancellations. the speed of trading isn't- in my opinion, isn't really the issue. speed should be competitive and whatnot. as long as everyone has the same fair advantage to that, i think that's what the key is. putting a tax on a broad level, saying this will fix all, i think there would be so many unattended consequences as a result of that and what it opens the door for, i just think it is totally counterproductive and really not the solution. it's a hair trigger. > thanks for your thoughts today. good to have you on the show. have a good one. > > you too. president obama heads to philadelphia today to visit a toy manufacturing plant. it's where he will also talk about his plan to avert the so-called fiscal cliff. comments yesterday from house speaker john bohener h
begin a new section with promises not to raise taxes. democrats won a majority in both houses in the election. it allows them to raise taxes with little concern of republican opposition. leaders will avoid dog that considering voters just passed prop 30 as l. the republicans and governor brown say they will be watching the democrats to keep it in check. >>> lawmakers are honoring nevin. he died yesterday at 69. he was a former supervisor, mayor of daly city and police inspector in san francisco. congresswoman jackie spear today called him a giant who had boundless compassion. the current supervisor says he was a great leader and vision. among other causes he af indicated for all children to receive -- adsroe indicated for all children to have health insurance. >>> the pope goes high-tech. what the religion leader is about to do for the first time el look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixt
. the president will make the case that congress has to take action to stop taxes from going up on middle class consumers during the holiday season. republicans say they aren't impress pressed the president's latest proposal that was brought to capital hill. >>> the proposal is 1.6 trillon dollars in higher taxes, they also want $50 billion for spending in 2015, in return the president is offering to support an unspecified amount of spending cuts this year and also legislation for saving up to $400 billion from programs like medicare over a decade. >> more bay area communities are considering taxes on soda. the first city to put up the idea for a public vote was richmond. that was defeated early this month but now others -- the soda industry said the tax wouldn't work because people would just go to other cities to buy their drinks. >> all right. a second storm is really hitting the bay area. steve is tracking this storm. he will tell you what to expect all day and into your weekend. >> alex smith speaking out on the 49er quarterback controversy. what he said about the coach's decision to st
't be serious. >> if congress fails to act by the end year, tax rates will go up for everyone and across the board spending tax. >>> a new legislative session will start today. democrat are allowed to raise taxes with little fear of republican opposition. but leaders say they are gonna avoid doing that since voters just passed prop 30. republicans, as well as governor brown, will be watching. >>> this month, the state is going to pay public schools and community colleges, the 1.9 billion it owes them. it is money that should have been paid out for over the summer but it was deferred until january. >> now, thanks to proposition 30, the state won't have to wait until then and then the schools will get another payment. >>> students in five states will be spending more time in school. select schools in colorado, connecticut, massachusetts, new york and tennessee, are scheduled to announce today, they are adding 300 hours of class time to the calendar. officials have not said whether they plan to make the school days locker or extend the year. supporters say this will help -- longer or extend
and congressional leaders are trying to avoid automatic spending cuts and tax hikes that take effect if congress does not take action to stop them. going over the fiscal cliff could trigger a recession, some say. >>> mitt romney was at the white house earlier today for a lunch meeting with president obama. his invitation keeps the promise he made when he declared victory on election night to talk with the gop candidate about areas where they have common interests. the two were to talk over lunch in the white house private dining room. the president's press secretary said the president didn't have any particular agenda, and it was closed to the media. >>> out of service. we were hear when police tested this emergency phone. we'll show you what happened and tell you why this phone is just part of a larger problem. >>> more specifics on when the next storm arrives in your neighborhood and how much rain it will bring. >>> as the dump truck continued forward, it hit nine other vehicles, so 11 vehicles totaled. >> a truck crashed in the east bay. the simple explanation for what caused it. >>> an unusu
't pass the parcel tax, the result in cutting would result in safety. but voters were not swayed. >>> next i will use storm tracker 2 to show you the storm's path. >>> his young daughter was beaten and sexually assaulted. why he says her attackers aren't the only ones who should be punished. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> two people are safe tonight after a falling tree came crashing down on the mini van they were sitting in. it happened around 1:30 this afternoon. neither of the people was injured. an east bay regional parks crew cut the tree into pieces and cleared the road. >>> the parents of an autistic 16-year-old girl are calling for swift action against a bay area group home after their child wandered off and
they are unwilling to let tax rates go up on 2% of americans, that is a choice we'll have to make. >> if congress doesn't act by the end of the year, tax rates will go up for everybody and across the board spending cuts will take effect. >>> back here at home muni and other agent res are thinking of a controversial plan for fare rates. they are planning on basing fares on how much money passengers earn. some people don't think it's fair that people that are struggling to pay their bills have to pay $64 for a monthly pass while senior citizens who often have more money are only paying $22 for the same fare. >>> 6:07 is the time. tara is in for sal this morning. there is an accident on the peninsula. >> that is right. a car hit the guardrail on the 101 northbound at third street. it looks like it's blocking the slow lane there. be careful if you're on 101 this morning through san mateo. up next we are going to take a look at our maps. we have another accident to report here. actually it's a car that has stalled out and the lane has blocked here. 101 northbound. up next a look at the bay bridge toll
the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yesterday and some 60,000 people have fled to emergency shelters. the crowded shelters in this new video. the typhoon is expected to continue to dump rain for several days. >>> a major pot growing operation inside thi
and the measure lost by fewer than 200 votes. the measure would raise the sales tax by a half cent. the money would pay for improvements to roads, freeways and public safety. >>> now to san jose where police are looking for a people who converted a rented home into a marijuana grow operation. officers made the find. >> see, look at this. oh my god. >> reporter: min wynn could not believe his eyes. >> oh my god, my house. >> reporter: when he saw how the inside of the single family home in san jose -- >> see the bedroom over here. >> reporter: had been gutted and convert into a full scale marijuana growing operation. >> oh my god. >> reporter: industrial ventilation, lighting and the remnants of 300 harvested pot plants filled the house he and his house had been renting out to a friend of a relative for about $1,800 a month. police got the call to sandalwood court around 3:00 this morning when neighbors saw people loading up several cars and thought they were witnessing a burglar. instead they found a more lucrative crime. >> this house was solely for marijuana. >> never had a problem with the
a conference of native american triable leaders. both groups are concerned about automatic tax hikes and spending cuts that will kick in on january 1st if congress does not act. >>> coming up at 6:15 the uphill battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time now is 6:08. let's check in with tara. what are you keeping an eye on? >> in san francisco we have issues actually with some backup. spinout near hospital suffer on 101 southbound and there are several cars that are in the fast lane and definitely having an impact on traffic. right now let's take a look at our maps. we can show you where we have other accidents brewing here. 280 northbound. and then we have flooding in the two right hand lanes. so be aware of that. and then if we head over to the oakland care you can -- oakland area we have slowing through the richmond area. we also have this accident still being cleared here at buchanan street and a stalled truck on 24 near the caldecott tunnel. if we take a live look at the b
and republics are deadlocked on a range of issue including the president's plan to raise taxes. republicans say the proud should quit campaigning. >> he's back on the campaign trail, presumably doing what we're all familiar with. >> so to suggestion that we should -- now that the election is over stop talking to them about these vital issues, i think is bad add -- bad advice. >> reporter: reporting live from washington, d.c. alison burns, ktvu channel 2 news. >>> 400,000 unemployed californians are closely watching the fiscal cliff. that's because benefits are due to expire december 29th unless congress extends them. >>> well, texas city leaders are asking for advanced warning in the event same-sex becomes formally legalized. this coming friday, the u.s. court will decide whether to review the challenge to prop 8. california's voter apressured ban on gay marriage. now, if the high court refusing to -- refuses to hear the case, the earlier ruling would make same-sex marriage legal in california. if that happens, they would need at least 24 hours to prepare for a flood of marriage license request
. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with congressional leaders. jamie joins us now by skype from washington dc. any progress in clearing the gap? >> reporter: we are trying to figure out that right now. he was just down stairs from me in the capitol a little while ago. his first meeting with harry reid, next meeting now with john baynor. we hope to hear from both of them in about an hour. nobody is quite sure whether this is a new plan that they are bringing up to sort of shop with leaders, you know we -- if we were talking about negotiations today on the fiscal cliff we may think of a big room or everybody is meeting together at once. that's not what is going on. he is meeting first with reid and then with bayn
vein workers that a tax hike could spoil the hole days. >> that is sort like the lump of coal you get for christmas, that is a scrooge christmas. >> the spoke at a toy factory and usualed them to contact their congress members and get them to support the white house plan which will do that. house republicans argue his plan would cripple the economy. >>> the storm may be to blame for a couple of big rig truck crashes this morning. one happened around 2:00 a.m. on westbound 580 at 680. it hit a puddle jackknifed and crashed there. fuel spilled, which kept the lanes closed for four hours. the driver was not hurt. >>> another big rig crash on 580 there livermore at the north flynn road off-ramp. the driver told ktvu he began slipping and sliding and crashed. 1 trailer filled with gravel flipped over blocking lanes, no one was hurt and that crash has been cleared. >>> for more on what traffic is like let's go to tara moriarty in the traffic center, still slow spots. >> that's right a traffic advisory has been issued for that, take there instead. >>> a live look there, not too many folks o
to meet with president obama tomorrow about the fiscal cliff. the fiscal cliff is a combination of tax hikes. democrats want to raise taxes on high income earners but republicans oppose the proposal. >>> stanford researchers say a high tech tool developed in the silican valley can help curve the growth of tuberculosis in prisons. the stanford researchers say the tool can be especially used in prisons in the former soviet union where they say tb is rampant among inmates. >>> the elevated breast cancer risk here in marin county turns out not to do so special. what researchers have discovered around the rest of the bay. >>> back here in 10 minutes we have a wind event coming tomorrow, we have rain coming tomorrow right on the morning commute. i'll time it out with the latest computer model. >>> attacking graffiti with heavier penalties. why a policy change to deter taggers can also hurt area businesses. >>> these lights are about to go up on high wire and it's going to impress the world. >> the pressure that caused a cruise line to back up on their ban of dressing in drag. when i take a
resources and officers. >> the issue for me is put it on the ballot. if that tax measure would have been put on the ballot and taxpayers would have decided not to fund it, we all could have lived with that. that's a choice the taxpayers made. but they never had a chance to vote on it. >> reporter: at the first meeting last night several people told city staff they wanted an internal candidate. but moore said no one inside the department is interested on the top job. >> once it was determined no one from inside the organization, for all the same reasons, felt compelled to seek the job, it opens up the opportunity for other chiefs, sitting chiefs. >> reporter: as for what's next, moore says he's going to take a month off then consider other career possibilities. including police chief jobs in other jurisdictions. >> reporter: now chief moore says before he retires in january he would like to see every officer have a mounted camera on their uniform. something he says will save the city time and money when dealing with complaints from the public. reporting live in san jose, matt keller, ktvu new
will talk about how to avoid a series of tax heights and spending cuts due to begin in january. he will do whatever it takes to get this done. also today, president barack obama will have lunch, prief at evaluately and the president said he would reach out but the president will talk about making the government work better. >>> tartar is in for -- tara is in for sal castaneda today. >>> in the northbound direction be aware of some problems and metering lights have been on for about a half hour and you are looking at an extra 15 minutes to get into san francisco this morning. through lafayette, very slow towards orinda. look at those brake lights on the right-hand side of your screen, this is congested compared to yesterday and the day before, and folks headed out a little earlier. a little sluggish on the north hand side of your screen, let's check in with steve. >>> it is on the mild side and he said this is like the pineapple express and we are getting a really strong wind. this is main lay cloudy -- mainly a cloudy morning and it is not cold at all. it is very mild with that south winds
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